Retire through Ownership Act

This bill amends the definition of "adequate consideration" in retirement law to clarify how Employee Stock Ownership Plans (ESOPs) value company stock. It allows ESOP fiduciaries (plan managers) to rely on independent appraisals that follow IRS guidelines (Revenue Ruling 59-60) when determining the fair value of company stock for retirement decisions. The change directly affects ESOPs and the companies that use them to provide employee retirement benefits. It simplifies the valuation process for these plans by establishing a clear standard for acceptable appraisals.